Brevard County Home Sales Surge in March 2013 !

Real Estate Sales are Hot in Brevard County

Total residential sales came in at $118.8 million — up over $16 million from last March !

Beachside Home

This is the first March since 2007 where sales have reached over $115 million.
Sales volume for single family homes was a stellar 824 residential units, the highest number of closings in the month of March since 2005 and the highest number of closings in Brevard since August 2005.

The median price of $110,750 and March Sale Statistics clearly proves that the “bottom” is in our rear view mirror.

Beachfront Condo

Median home prices have been at or above $100,000 for over a full year now, after a $92,000 median in January 2012.This March was also way above the low median figure of $89,000 in March 2011.
Meanwhile, inventory (2,530 active residential units) is still in a holding pattern and near historical lows.
Inventory is now DOWN about 80% from the levels of 5 years ago.Yet another notable decrease is the average number of days a house is listed on the market before selling (DOM). In January 2012, single-family homes were on the market for an average of 125 days ..But this March, the average DOM had dropped to just 79 days.

This could be the perfect time to buy Real Estate in popular and desirable Brevard County .

How would you like to own your own home or investment property in one of our Beachside Townslike Cocoa Beach , Indian Harbour Beach , Satellite Beach , Indialantic or Melbourne Beach !